Ep. 41 Karl Smith, of the Blog “Modeled Behavior,” Has Friendly Debate With Bob On Keynesian Stimulus and Carbon Taxation

Bob has a friendly discussion/debate with Karl Smith. First Bob pushes Karl to clarify the conditions under which government deficit spending could, even in theory, help a depressed economy. Then they switch to the economics of climate change, and Bob’s view that the case for a carbon tax is much weaker than most economists admit.





Mentioned in the Episode and Other Links of Interest:

The audio production for this episode was provided by Podsworth Media.

About the author, Robert

Christian and economist, Research Assistant Professor with the Free Market Institute at Texas Tech, Senior Fellow with the Mises Institute, and co-host with Tom Woods of the podcast "Contra Krugman."


  1. Ferdinand on 06/21/2019 at 7:33 AM

    Haha must’ve downloaded an earlier version? The entire intro and Bob’s parts were missing, so it was just silence and Karl talking to himself.

  2. anonymous on 06/21/2019 at 11:15 AM

    Who added Bob Murphy into this Karl Smith solo show?

  3. clort on 06/24/2019 at 6:47 AM

    This is excellent. Thank you to Bob for asking questions respectfully, without strawmanning Karl in the slightest.

    Thank you Karl for cogently explaining how you see the secondary effects of the dislocations play out. I wish all discussions were this good.

    In many ways it’s a bit like the climate debate – Economists differ in how they think the secondary and tertiary effects of various pushes to a dynamic system can be effected by twiddling the dials. It got deep enough into the weeds so I will need to listen again.

    I feel like I am getting good value for my donation to the Bob Murphy show.

  4. Potpourri on 06/24/2019 at 2:28 PM

    […] My conversation with Karl Smith. It may lead you to think about fiscal stimulus in a new […]

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